Valmark Inc

What Valmark Inc does

Valmark Inc is a privately held Washington corporation operating a portfolio of consumer retail businesses under the "Kings" brand umbrella in Friday Harbor, San Juan Island. Founded in 1929 by Lyle King and acquired by the Howard family in 1980, the company operates Kings Market as its anchor grocery business, alongside Kings Marine (marine supplies and licensing), Kings Clothing (apparel for men, women, and children), Joe Friday's T-Shirt Company (island-themed apparel), and Friday Harbor Marketplace (a sister grocery store focused on gluten-free and specialty products). The company employs approximately 28 people and is run by Verne Howard alongside his daughters Libbey and Ashley.

Name

Valmark Inc

Legal name

Valmark Inc

Website

https://kings-market.com

Company type

Private

Founded year

1929

Operating status

Operating

Headcount range

11–50 employees

Short description

Valmark Inc is a privately held, family-owned retail company (Howard family since 1980) operating Kings Market and ancillary stores — Kings Marine, Kings Clothing, Joe Friday's T-Shirt Co., and Friday Harbor Marketplace — serving San Juan Island residents and tourists with grocery, marine supplies, apparel, and catering.

Ownership category

akta.pro rank

Headquarters

HQ city

Friday Harbor

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Supply Chain, Infrastructure, Technology or R&D

Distribution channels6 records

Marketing channels5 records

Core offering

Valmark Inc is a privately held, family-owned multi-format retail business operating primarily through Kings Market, a full-service grocery store established in 1929 in Friday Harbor on San Juan Island, Washington. The company sells fresh groceries, produce, deli and bakery items, seafood and meat, specialty gourmet foods, wine, beer, and liquor, alongside complementary co-located retail storefronts for marine supplies, apparel, and t-shirts. It also provides deli catering services for local events and an online ordering and pickup service for groceries.

Product overview

Valmark Inc operates a multi-brand retail portfolio anchored by Kings Market, a grocery store established in 1929 and located in Friday Harbor, San Juan Island, WA. The company has expanded from its core grocery business to include complementary retail brands: Kings Marine (boating and fishing supplies), Kings Clothing (upscale apparel for men, women, and children), and Joe Friday's T-Shirt Co. (specialty t-shirts and apparel). Within the main market, offerings are organized into integrated departments including Deli & Bakery, Produce, Seafood and Meat, and Specialty Products (gourmet foods, wine, beer, and liquor). The company also provides additional services such as Deli Catering and Online Grocery Ordering for pickup. Friday Harbor Marketplace serves as a sister store, and all locations are operated by the Howard family following acquisition in 1980.

Differentiator

Problem solved

Functional benefit

Brands

• Kings Market: Main grocery store offering fresh produce, seafood, meats, deli specialties, wines, and gourmet foods in Friday Harbor. Open 7 days a week, 7:30am-8pm.
• Kings Marine
• Kings Clothing
• Joe Friday's Shirt Company

Products and services

• Kings Market Full-service grocery store offering fresh produce, seafood, meats, deli specialties, gourmet foods, wines, beers, and specialty products. Located in Friday Harbor, San Juan Island, open 7 days a week from 7:30am to 8pm. Serves local residents and visitors as the island's primary grocery destination.
• Kings Marine Marine supply center located upstairs above Kings Market, offering fishing supplies, crab traps, marine electronics, charts, guides, boating accessories, and fishing and crabbing licenses. Open 8am-6pm daily. Serves local fishermen, boaters, and visiting mariners.
• Kings Clothing

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• SuperValucriticalOthersMajor grocery supplier for independent grocery stores in the Northwest. Underwent significant changes including warehouse moves and IT system migrations in 2018, causing supply shortages. This supplier relationship was critical as it was the only primary supplier for the region, making the impact more acute on islands due to ferry scheduling challenges.

Scale indicators5 records

Recent moves7 records

Expansion highlights3 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/valmark-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Valmark Inc